Now that we have the green light from the Financial Accounting Standards Board (FASB), the Current Expected Credit Losses (CECL) model will significantly change how credit unions view their loan loss reserves. This session explores the potential impact on the average credit union and tips on how to start preparing for the implementation of the new model. Of key importance will be gathering, mapping, and linking your data to the new methodology.

About Daniel Moulton

Daniel Moulton, CPA, is a Shareholder in the Financial Institutions Group at Doeren Mayhew. The firm specializes in serving credit unions and their service organizations. He has over 35 years of experience in the credit union industry, providing insight to credit unions and credit union service organizations from coast to coast. Focused on assisting clients to maximize their internal audit functions, Daniel leads a team of internal audit specialists providing both full-service and co-sourced internal audit and regulatory compliance services. These services range from BSA/OFAC audits, allowance for loan loss reviews, consumer and commercial loan reviews, and ALM reviews, and a variety of internal audit reviews. He also spends a significant amount of time providing a wide range of other risk-management services such as certified opinion audits and Supervisory Committee audits. Daniel’s expertise in areas such as fraud investigation, accounting systems, and technical issues is especially well known to credit unions throughout the nation. His teaching experience includes ongoing instruction at various national Supervisory Committee and internal audit conferences, sessions on accounting principles for various state and federal regulators, presentations to national and regional CFO groups, and classes on fraud and internal controls at the Southwest and Western CUNA Management Schools.